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Properties worth a whooping N6trillion has been lost to outbreak of fire incidents in Nigeria within the last five years, Chairman Senate Committee on Interior, Emmanuel Andy Uba ( APC, Anambra South) has said.Uba, who made the disclosure on Friday in Abuja in his remarks during the International Conference on Fire and Exhibition organised by […]

As the external reserves inched up to $34.3 billion last week, the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has predicted 7 percent increase in its accretion to reach $40 billion next year. According to the banking czar, who made the forecast at the weekend in Lagos during the annual bankers’ […]

Nigeria’s economy The Managing Director, Infrastructure Bank, Adekunle Oyinloye, has said that Nigeria needs $35 billion per annum for five years to sustain a robust economic growth.Mr. Oyinloye, said this in Abuja while presenting a paper on “Economic Indices and Relationship with Infrastructure Development” at a forum for set 1988 Economics Class, Ahmadu Bello University, […]Read More

Muhammadu Buhari Nigeria realised N212.73 billion from agricultural product exports at the end of the fourth quarter of 2016. The was disclosed in excerpts of a book entitled: ‘‘Making steady, sustainable progress for Nigeria’s peace and prosperity: a mid-term scorecard on the President Muhammadu Buhari administration,’’ It was authored by the Presidential Media Team. The […]Read More

The Ministry of Mines and Steel Development has denied spending N700m on the acquisition of a web portal. In a statement issued by the Permanent Secretary, Mr. Mohammed Abbas, in Abuja on Sunday, the ministry said that what it acquired with N700m was an integrated IT infrastructure rather than just a website. He listed the […]

CBN Headquarters, Abuja The Central Bank of Nigeria (CBN) has formed strategic partnerships with agricultural commodity associations in the country in its effort to expand the implementation of the Anchor Borrowers’ Programme (ABP). Disclosing this in Abuja  the Acting Director in charge of Corporate Communications Department (CCD) at the Bank, Isaac Okorafor, said the decision […]

The Petroleum and Natural Gas Senior Staff Association of Nigeria has cautioned the Federal Government against selling profitable oil and gas assets as scrap to fund the 2018 budget. The trade union expressed its support to other models of funding the budget aside from selling the oil and gas assets, and called on the National […]

The Nigerian National Petroleum Corporation, NNPC, has lost a total sum of N18.56billion monthly as indicated in a latest report from the corporation. In  its July 2017 monthly financial and operations report revealed that the corporation lost a whopping N14.25billion to vandalism of its facilities in July. It also lost N4.5billion from  its refineries in […]Read More

A-Former President Olusegun Obasanjo has lamented that political leaders and other key players in both public and private sectors in Africa illicitly launder a whopping sum of $50 billion from Africa annually.  Obasanjo said this at the 1st Annual Nigeria Anti Fraud Conference organised in Abeokuta by the Association of Certified Fraud Examiners (ACFE), Lagos, […]

The Yobe State government has approved a total of N1, 198, 975, 318.00 for the execution of various projects in agriculture, healthcare, and rural electrification. Information, Home Affairs and Culture Commissioner, Alhaji Mala Musti revealed this  after the meeting of the state executive council chaired by Gov. Ibrahim Gaidam at the Council Chamber, Government House, […]

The Central Bank of Nigeria (CBN), has scored itself high in promoting inclusive growth and sustainable development as its intervention programmes have created over seven million jobs in the country. According to its acting Director of Corporate Communications Department, Mr Isaac Okorafor, who stated this Thursday at the CBN Special Day, at the ongoing Lagos […]

Over $10billion will be generated for the economy from the switch of 50 per cent kerosene and firewood users by 2019, according to the Nigerian Liquefied Petroleum Gas Association (NLPGA). The group added that an estimated 500,000 to 1,000,000 jobs would also be created in the LPG value chain within the next two years with […]